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138 E Applegate Way Carson City, NV 89706

3 Beds 2 Baths 1,177 sqft Built 1981

$320,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $271.88
  • 5 Days on Market
  • MLS # : 200016598
  • Updated Date : 12/09/2020 at 19:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,177 sqft
  • Baths : 2 full
Listing Agent

Pioneer Real Estate Center

Listing Agent's Description

This beautiful single story home has 3 bedrooms, 2 bath, plus a 2 car garage. The family room/ kitchen area has a cozy fireplace. And for the summer time there is a nice patio area for outdoor dinning.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 89706

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $128k312k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 89706

No Data Available.

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Mark Twain Elementary School Primary Regular 627 35 6
Carson Middle School Middle Regular 1,061 56 NA
Carson High School High Regular 2,157 100 7

Mark Twain Elementary School

  • Education Level: Primary
  • # of students: 627
  • # of teachers: 35
6
GreatSchools Rating

Carson Middle School

  • Education Level: Middle
  • # of students: 1,061
  • # of teachers: 56
NA
GreatSchools Rating

Carson High School

  • Education Level: High
  • # of students: 2,157
  • # of teachers: 100
7
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,181
Property Tax -$122
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
-$53

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$320,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 11.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$16,815

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,565

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$1,850
$1,850
RENT COMPS ANALYSIS
  • 138 E Applegate Way Carson City, NV 1
    • 3 beds 2 baths ∙ 1,177 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,177 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2496 Chardonnay Carson City, NV 2
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1997
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.22
    •  
  • 2462 Havenwood Ct. Carson City, NV 3
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 2000
    property image
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.44
    •  
PROPERTY LISTING DETAILS
Mayra Garcia-pacheco
Pioneer Real Estate Center
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016598
Last Updated: 12/09/2020
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